Plan To Retire Rich

by Roger Shorr

In matters of personal finance, retirement may be the single most important issue of our times. Surprisingly, far too few individuals do any meaningful planning for their golden years. Contributing to a 401(k) or IRA is important, but you must do more to ensure a financially successful retirement. Most investors should be seeking professional assistance in the development, implementation and monitoring of their plans.

Planning is the essential first step toward building a comfortable retirement. Planning can not only help you determine the amount of risk you must take to achieve your goals, but it can also help you from taking on too much risk.

As many investors know too well from the early 2000s' bear market, excessive risk can be devastating. As a result of excessive risk taking in technology stocks and other speculative investments, many who might otherwise have retired are still working. (Read about how to do this calculation in Determining Your Post-Work Income.) Let's take a look at the important process of planning, with a special focus placed on risk.

Click Here to Continue Reading This Post